For Sale · Industrial

2337 BOWMAN STREET, Innisfil

2337 BOWMAN STREET, Innisfil, ON L9S3V6

$15M total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

89%

Lot Size

3.977 ac

Clear height

28 ft

Loading docks

3

About this property

32,394 SF industrial facility, in exceptional condition, on 4 acres in a highly desirable location with convenient access to Highway 400. Secured yard with municipally maintained exterior lighting and significant parking for staff, customers, trucks/trailers, shipping and receiving. 2 - 50' x 60' covered storage sheds totaling 3,000 SF each, with concrete floors and 14'W x 13'7"H drive-in doors. This dealership-quality, turnkey property features 17'-4" clear height throughout the warehouse. Building features:- New modern finishes inside and out- Painted throughout the warehouse including walls and ceilings- Fleck epoxy or polished concrete floors- New black aluminum doors and windows with blinds- 2 air compressors with hookups throughout the entire facility- New LED high efficiency and emergency lighting- Updated wiring and new CAT5e internet cabling throughout with free high speed TERAGO service- 2 electrical services- Fully sprinklered warehouse bays with double door interior access between bays for forklift traffic- Office areas heated and cooled by 3 updated roof-top units- Warehouses heated by updated Reznor unit or radiant tube heaters- 2,950 SF 2nd floor office/staff areas- 3 kitchens, 7 washrooms with updated fixtures, staff locker rooms with showers, client lounge area, several private & open office areas- 28 interior and 11 exterior high resolution security cameras IBP zoning permits a wide range of uses, including transportation, automotive sales and service, vehicle dealerships, manufacturing, equipment sales, equipment rental, servicing, and other industrial operations. Vendor financing available (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$15.00M
Down payment30% · $4.50M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$69K

Projected NOI

$814K

Annual cash flow

$-17K

Cash-on-cash

-0.38%

DSCR

0.98

Going-in cap

5.43%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

69,432

Households

27,789

Median income

$65,500

Median age

40.1

Daytime population

85,165

5-yr growth

4.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2337 BOWMAN STREET, Innisfil.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.